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To: expat_panama
Even though I don't understand exactly how they work, options are another way to determine trends to some extent. They are risky, but there's less cash outlay.

I looked at trading currencies, too, at first, also considered grain futures. Currencies I don't like the idea of betting against friendly countries' currencies although, apart from what Soros did, I don't necessarily think it is immoral.

Grain I have my own I sell so equities suits me better as I always was curious about the stock market. Corn is going to be 4 something a bu this year but yields expected to be good despite lack of rain for some weeks.

I'm still upset about losing that money. They say the market makers can see your stop losses (we have argued over that). Someone decided they can see them all except trailing stop losses. I've used those, too, to good effect. But everything that was working before is not working for me now.

28 posted on 09/26/2013 5:53:11 PM PDT by Aliska
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To: Aliska

I’ve went back and forth on trading strategies (won money and lost money) and have finally decided on short term day trading. I try to go with either momentum or catalysts. Averaging down don’t work for me - I’ll sell first. Being an investor (buy and hold) has cost me plenty so I don’t do that anymore (maybe I picked the wrong stocks?). I’ve made good money the last 60 days which in a sick way is worrisome because it came easy - too easy. When that happens I go back to my greedy ways and lose a pile. I still have the one stock and am waiting for a October Monday Meltdown next month before I buy more.


29 posted on 09/26/2013 6:09:05 PM PDT by BipolarBob
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To: Aliska
...don't like the idea of betting against friendly countries' currencies although, apart from what Soros did, I don't necessarily think it is immoral.

While politics can make us all hate Soros, we we need to love what he did in the market place.  Back in the early '70's he invented the hedge fund and paid an average thirty percent return to investors in his Quantum Fund.   30% = doubling every 2-1/2 years, and he did that for two decades.   He also made billions in currency trades by making offers to other traders at far better rates than they were getting elsewhere.  People can say he made a $billion on his Bank of England trade forget he had to risk $10billion to do it.

Betting is done with known odds coming up to a completely unknown turn or the dice, and one man's winnings are the next man's losses.  The market sees different risk levels for each trader and each transaction is supposed to make both parties better off --if it doesn't we don't come back. 

fwiw, my LL is now at $104.20 --I'm now down 4% from when I bought it.

39 posted on 09/27/2013 7:44:41 AM PDT by expat_panama
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